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Mithen expert advisor

  • #21
  • Jul 16, 2014 10:37am Jul 16, 2014 10:37am
Quoting xux99
I could not replicate this issue but I shall continue investigating it.
I'll delete the EA files and download the EA again. Maybe that helps.
  • #22
  • Jul 16, 2014 2:39pm Jul 16, 2014 2:39pm
Quoting frietzak
{quote} Yes, sure. I'll make it easier for you. I uploaded a screenshot of my settings. The settings are in accordance with Udine his rules, but I have made ​a small adjustment to the dailytarget and the TP to take into account the spread. I am still in doubt about what the right value is for the MinZeroLevelDistance, for now I keep it on 0. If you have any questions, feel free to ask. {image}
Thank you very much Frietzak for your input information. It gives a lot of clues on what each parameter means and plays in the EA. If I may, I want to ask you one thing; I see "Level above/below ***** is invalid" and there seems to be the reasons text following but I cannot figure out what they mean. I really think xux99 should have a page explaining all these.
Have a great day,
T.
  • #23
  • Jul 16, 2014 4:02pm Jul 16, 2014 4:02pm
xux99 - Thanks, at last a thread for this EA

Monday this week I have started a demo on 29 pairs! Crazy, yes of course. This is only for testing the EA. Dont be afraid of the bad performance. We have to look at specific pairs and trading times.
Here is the link to my account: http://www.myfxbook.com/members/swef...9uBCB2afMMKdhb

You have to use the Custom Analysis button to filter out the trades you want to see, it is also possible to look at specific hours and days when the trades is opened. I guess most of you is familiar how to use this.

After some time I will remove the worst performing pairs and concentrate on the most profitable pairs.

I am using default settings except this:
Max spread: 3
DailyTargetPips: 0 (disabled)
MaxDailyLosses: 0 (disabled)
IncludeSpeaks: True

I will perform 99% backtests on different pairs and post results here. Going to start with EURJPY.

It would be great to get some live and demo statistics from people using this EA for a longer time.
  • #24
  • Jul 16, 2014 4:17pm Jul 16, 2014 4:17pm
Quoting LFN
xux99 - Thanks, at last a thread for this EA Monday this week I have started a demo on 29 pairs! Crazy, yes of course. This is only for testing the EA. Dont be afraid of the bad performance. We have to look at specific pairs and trading times. Here is the link to my account: http://www.myfxbook.com/members/swef...9uBCB2afMMKdhb You have to use the Custom Analysis button to filter out the trades you want to see, it is also possible to look at specific hours and days when the trades is opened....
Hi LFN,

Very good initiative! This way you can test the system and the EA perfectly.

You just forgot to put your Myfxbook on public.

Best regards,

Frietzak
  • #25
  • Jul 16, 2014 5:19pm Jul 16, 2014 5:19pm
Quoting frietzak
{quote} Hi LFN, Very good initiative! This way you can test the system and the EA perfectly. You just forgot to put your Myfxbook on public. Best regards, Frietzak

Sorry, try again with the link.
  • #26
  • Jul 16, 2014 5:24pm Jul 16, 2014 5:24pm
xux99 -

Are you sure that the AutoGMT is working correct?

I have a GMT +3 broker and when using the auto GMT it says that I am GMT+2, that is not correct. Also the trading sessions is 1 hour wrong, London open should be 10:00 on a GMT+3 broker, but the display shows 09:00.

Better to use manual GMT shift I guess? Could this affect the newsfilter settings also?

https://charts.mql5.com/5/231/audjpy...-prime-pty.png
  • #27
  • Jul 16, 2014 5:42pm Jul 16, 2014 5:42pm
Quoting LFN
{quote} Sorry, try again with the link.
Thanks! It's working like a charm now. =)
  • #28
  • Jul 16, 2014 7:59pm Jul 16, 2014 7:59pm
Quoting LFN
xux99 - Are you sure that the AutoGMT is working correct? I have a GMT +3 broker and when using the auto GMT it says that I am GMT+2, that is not correct. Also the trading sessions is 1 hour wrong, London open should be 10:00 on a GMT+3 broker, but the display shows 09:00. Better to use manual GMT shift I guess? Could this affect the newsfilter settings also? {image}
Hi LFN,

I also had problems with the AutoGMTOffset and had to use the ManualGMTOffset. However there is a number of hours ago, a new version released and now is the AutoGMTOffset working properly here.

Best regards,

Frietzak
  • #29
  • Jul 16, 2014 8:42pm Jul 16, 2014 8:42pm
thanks very much for all your time ...very cool to share this gem :-)....

p. s. will this baby fly on the new 670 build?
There has never been a statue erected in honor of a critic
  • #30
  • Jul 16, 2014 9:54pm Jul 16, 2014 9:54pm
Good night ... I'm from Brazil ... GMT -3, as I have set ... can you help me?
  • #31
  • Jul 17, 2014 2:17am Jul 17, 2014 2:17am
Hello all,
This indicator - "GMToffset" answers questions...
" AutoGMTOffset" I do not work because you have not set the Forex Market Hours on the local time. I also use "ManualGMTOffset".
Check the Forex Market Hours here: http://forex.timezoneconverter.com/?timezone=GMT;
Attached File(s)
File Type: mq4 GMToffset.mq4   3 KB | 383 downloads
  • #32
  • Jul 17, 2014 2:45am Jul 17, 2014 2:45am
Hello,
I have a basic question:
The original strategy "00 level trading" traded 2 pairs EJ and GJ...
Take profit is 10 pips - 2x5 pips = 10 pips;
Stop Loss 10 pips - After 4 losses stop trading for the day - 2x2=4 x10 pips = 40 pips;
Ratio TP/SL - 10/40 pips = 0.25.
In this case, it is true that 6 pairs follow the rules are - 6x5 pips TP = 30 pips, 2x6=12 x10 pips SL = 120 pips? Ratio TP/SL - 30/120 pips = 0.25.
I can not understand where is the truth.
  • #33
  • Jul 17, 2014 3:26am Jul 17, 2014 3:26am
Hello XUX99,
Jul 15, 2014, Udinе writes:
" trading with so much red news around is more risky..
if you dont like the risk on days like this... dont open your platform and go do something else...
you dont have to trade always .. Udine", Post 10,433

Uppers of http://www.forexfactory.com/calendar for Tuesday and Wednesday give over 10 red news day.
My question is can in more than 5 red news not to be traded all day?
Тhese days I only lost...
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Calendar.jpg Size: 337 KB
Click to Enlarge Name: My Trades.jpg Size: 195 KB
Click to Enlarge Name: Account History.jpg Size: 499 KB
  • #34
  • Jul 17, 2014 3:53am Jul 17, 2014 3:53am
Hi Xux99,

I question the validity of using correlation of the pairs as a way to filter good trades from bad trades as the price movement appears to stand on its own for each pair. As a programmer and trader what does your experience tell you?

I personally think it may be an unnecessary coplication but welcome your thoughts on the subject.

Best regards,

Frietzak
  • #35
  • Jul 17, 2014 4:25am Jul 17, 2014 4:25am
Quoting SStanly
Hello XUX99, Jul 15, 2014, Udinе writes: " trading with so much red news around is more risky.. if you dont like the risk on days like this... dont open your platform and go do something else... you dont have to trade always .. Udine", Post 10,433 Uppers of http://www.forexfactory.com/calendar for Tuesday and Wednesday give over 10 red news day. My question is can in more than 5 red news not to be traded all day? Тhese days I only lost... {image}...
FFCal indicator gives information for the previous and next news event only so it is not possible to exclude these days.
  • #36
  • Jul 17, 2014 4:29am Jul 17, 2014 4:29am
Quoting frietzak
Hi Xux99, I question the validity of using correlation of the pairs as a way to filter good trades from bad trades as the price movement appears to stand on its own for each pair. As a programmer and trader what does your experience tell you? I personally think it may be an unnecessary coplication but welcome your thoughts on the subject. Best regards, Frietzak
Personally I agree with you, each pair follows its own movement. You can disable CorrelatedPairs option by setting it to blank.
  • #37
  • Jul 17, 2014 4:43am Jul 17, 2014 4:43am
Quoting toppo qqq
{quote} Thank you very much Frietzak for your input information. It gives a lot of clues on what each parameter means and plays in the EA. If I may, I want to ask you one thing; I see "Level above/below ***** is invalid" and there seems to be the reasons text following but I cannot figure out what they mean. I really think xux99 should have a page explaining all these. Have a great day, T.
Each reason for an invalid level refers to a system rule.

"Daily open above/below level" refers to the rule that there should be a trend so trades must open beyond daily open.
"Longs/Shorts are not allowed at level" refers to the rule that excludes 10 and 90 levels for shorts and longs respectively.
"During Frankfurt session only 405060 levels" refers to the rule that allows trades at 40,50,60 levels only during Frankfurt session.
"RoomUp/RoomDn is below limit" refers to the rule that prevents trades when current ADR exceeds a range defined by RoomLimitRatio.
"Daily open minimum distance" refers to MinDailyOpenDistance option.
"Zero level minimum distance" refers to MinZeroLevelDistance option.
"Pair disagreement" means CorrelatedPairs don't have the same trend direction defined by the hourly close above/below daily close .
"First level after Daily open" refers to TradingFirstLevelAfterDO option.
  • #38
  • Jul 17, 2014 7:53am Jul 17, 2014 7:53am
Hi XUX99,

I have loaded EA since two days but till date no trade has been done. I have loaded on EJ & GJ - setting done as per post 18. can you please help me out. It is on demo account with XM. Thanks for your help...

Bomi
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 100 KB
Attached Image
  • #39
  • Jul 17, 2014 8:44am Jul 17, 2014 8:44am
Same here...Is there anybody who can recommend some inputs for the five first settings that I can try out,please...
  • #40
  • Jul 17, 2014 8:56am Jul 17, 2014 8:56am
Here are my updated inputs for the EA settings. My screen is not big enough, so I had to make two screenshots.

Keep in mind to add EURJPY, GBPJPY @ Prioritypairs on the pairs EURUSD and GBPUSD.

Attached Image


Attached Image (click to enlarge)
Click to Enlarge Name: EA_settings_Part2.png Size: 39 KB
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